Aureus
AExcellent

Realty Income Corporation(O)

A

Financial data as of Dec 31, 2024Improving · Real Estate

FCF Margin67.8%Free Cash Flow / Revenue
Cash Conversion—Operating CF / Net Income
Free Cash Flow$3.6B
Revenue$5.3B
Net Cash-$26.3BNet debt position
Debt / FCF7.5xElevated debt burden
Current Ratio1.68Adequate short-term liquidity
YoY FCF Growth+12.1%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-1High debt-to-FCF ratio (7.5x)
→
+0.5Healthy FCF margin with manageable debt (67.8%, 7.5x)
→
+0.5Modest YoY FCF growth (12.1% YoY)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (67.8%)
  • Highly consistent quarterly FCF
  • FCF trend is improving

Concerns

  • Heavy debt position ($26.3B)
  • High debt-to-FCF ratio (7.5x)
Cash conversion ratio unavailable or not meaningful

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin67.8%
Net Margin16.3%
Operating CF Margin67.8%
CapEx Ratio0.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$26.3BNet debt position
Debt / FCF7.5xElevated debt burden
Current Ratio1.68Strong liquidity
Debt / Equity0.69Low leverage

Quarterly FCF Trend

+12.1% YoYImproving (+12.1%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameRealty Income Corporation
SectorReal Estate
Free Cash Flow$3.6B
Revenue$5.3B
Net Income$860.8M
Operating Cash Flow$3.6B
Capital Expenditure$0
FCF Margin67.8%
Cash Conversion Rate—
Net Margin16.3%
Total Debt$26.8B
Total Cash$445.0M
Net Cash-$26.3B
Current Ratio1.68
Debt / Equity0.69
Debt / FCF7.5x
YoY FCF Growth+12.1%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance

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